BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
IndusInd Bank Ltd. reported a stable Q4 FY21, with an in line performance.
On the business front, deposits grew 7% QoQ, while loan growth is seeing a revival.
On the asset quality front, gross non-performing asset ratio improved sequentially and stood at 2.67%/0.69%, with provision coverage ratio ~75%.
In addition to this, the bank holds a Covid-19 related provision buffer at 75 basis points of loans.
Restructured book stood at 2% of loans (slightly higher than the guided 1.8%), largely from the vehicle portfolio.
With the rise in Covid-19 cases and a recent lockdown in a few Indian states, we remain watchful as micro finance institution and commercial vehicle are the most impacted segments.
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